Guideline Value for Chellappan Street

Chellappan Street guideline value

The current guideline value of Chellappan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chellappan Street has changed

Starting from the 2007 revision, the guideline value for Chellappan Street was Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 536 per sq.ft in the 2017 revision, reflecting a decline of 33%.

In the 2023 revision, the guideline value rose to Rs 1,000 per sq.ft, which was an increase of 87% from 2017. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, a further increase of 10% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value is Rs 1,120 per sq.ft, making the guideline value of Chellappan Street slightly below this median.

• Chenniyappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Chairman Raju Nagar: Rs 1,120 per sq.ft (2024)
• Bykara Office Road: Rs 2,240 per sq.ft (2024)
• Byepass Road: Rs 2,800 per sq.ft (2024)
• Chinaraj Nagar: Rs 1,100 per sq.ft (2024)
• Brinda Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Chellappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chellappan Street?

The Sub Registrar Office that covers Chellappan Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Sanganur.

The guideline value is a critical factor in the registration process when buying or selling property in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the government register. Buyers and sellers must be aware of these values to understand their financial obligations during property transactions.

Frequently asked questions

What is the current guideline value of Chellappan Street?

The current guideline value of Chellappan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 200 per sq.ft in 2007, rising to Rs 800 in 2012, then decreasing to Rs 536 in 2017, and increasing to Rs 1,000 in 2023 before reaching Rs 1,100 in 2024.

What are the stamp duty and registration fees for property in Chellappan Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty is Rs 77,000, and the registration fee is Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Chellappan Street?

The Sub Registrar Office that covers Chellappan Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification for Chellappan Street?

Chellappan Street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.